The regulator today issued an update on its review of the loan-based and investment-based crowdfunding market.

The updates are the first since a sector review in December 2016 and ask for responses to new proposals including one to ensure investors receive accurate investment information and better breakdowns on risk.

The regulator is also proposing the promotion of stronger governance at loan-based firms, new practices for clarifying investor remuneration and an extension on existing marketing restrictions for investment-based crowdfunding platforms to loan-based platforms.

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The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]

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